Mozambique
Two World Class Development - Ready Projects
Tirupati Graphite Plc acquired the entire issued share capital of Suni Resources SA, holding the Montepuez and Balama Central graphite projects, from Battery Minerals Limited (ASX:BAT), in 2023.
Across a combined 18,500ha permit area, JORC resource estimates for the combined two complementary graphite deposits contain mineral resources >152 million tons with average grading of 8.5% total graphite contained (TGC), hosting >12 million tons of contained graphite; this increased Tirupati’s JORC group resources by a factor of 12.
Both projects will have an updated Competent Persons Report to update their mineral resource estimates published in late 2025.
The Montepuez and Balama Central projects are planned for up to at least 158ktpa of combined natural flake graphite production.
| Project Name | Tons (Mln) | Grade (% TGC) |
|---|---|---|
| Montepuez | 119.6 | 8.1 |
| Balama Central | 32.9 | 10.2 |
| Group Total | 152.5 | 8.5 |
Montepuez
- Initially permitted for 100ktpa of natural flake graphite production; Montepuez also contains an additional vanadium credit.
- A Definitive Feasibility Study was completed for the project in 2017, which initially targeted for development an initial 100ktpa nameplate production capacity to be developed across two 50ktpa stages. This is subject to ongoing evaluation and optimisation work.
- The project contains mineral resources of 119.6 million tons, with average grading of 8.1% total graphite contained (TGC).
- Significant work on land clearance was started, a Tailing Storage Facility largely completed, and the establishment of a 100-person base camp was completed.
Balama Central
- Initially permitted for 58ktpa of natural flake graphite production.
- Located approximately 260km east of Pemba, the Balama Central project sits adjacent to the largest graphite producing region outside of China.
- The project contains mineral resources of 32.9 million tons, with average grading of 10.2% total graphite contained ( TGC ).
- The project's location near other mines in-production provides availability of suitable infrastructure and logistics options.
